Some crypto beginners can get overwhelmed with crypto exchanges, considering their feature-dense interfaces like those with charts, order books, price grids, trade options, and more.
If you struggle with the same, don’t worry. You’ll learn how to buy crypto without an exchange in this article to simplify your crypto journey.
4 Alternative Ways of Buying Crypto for Beginners
Buying crypto doesn’t have to start and end with crypto exchanges. Here are a few alternative methods to choose from, whether you’re new to crypto or have been around for a while:
1. Crypto Wallets
While popular for secure storage of digital currencies, many crypto wallets also allow you to buy crypto using different payment options. For instance, with Ka.app, a user-friendly crypto wallet and crypto payment app, you can buy crypto with IBAN, buy crypto with credit or debit card, or buy crypto with wire transfer in just a few steps.
If you’re interested to learn more, we’ve provided a step-by-step guide for each payment option below.
2. Crypto ATMs
For transactions with more anonymity and convenience, crypto ATMs are a great choice. These machines allow you to buy Bitcoin and other crypto by depositing cash or using a card. Crypto ATMs are available in various locations worldwide; you just need to search for one near you.
3. Payment Platforms
Some online payment platforms have started integrating crypto purchasing capabilities into their services, such as these crypto-friendly apps like Cash App and Bitpay alternatives.
4. Broker Services
Crypto brokers are similar to forex brokers. They’re ideal for beginners because of their easy-to-use interfaces and quick setup processes. You can buy crypto at a price set by the broker, typically with higher fees than exchanges, but with less complexity involved in the purchase. This option is ideal for larger crypto transactions.
How to Buy Crypto Without an Exchange
As mentioned above, Ka.app offers convenient ways of buying crypto, some of which you won’t find in exchanges. Let’s flesh out the step-by-step guides:
a. Buy Crypto with IBAN
For European Economic Area (EEA) users, the most convenient way of buying crypto on Ka.app is through IBAN. Ka.app allows you to create your personal crypto IBAN that you can use to easily transfer euros into the app and buy crypto. Here’s how it works:
- Sign up on Ka.app.
- Log in.
- Activate the Cash feature to enable euro and generate your own crypto IBAN.
- Upon activation, copy your IBAN from Ka.app, then go to your external bank account. Transfer euro to your IBAN on Ka.app.
- After depositing euros into the app, go to the home screen and click ‘Convert.’
- Choose to convert euro to your preferred crypto (e.g., EUR to BTC). Then, enter the amount of your crypto purchase.
- Confirm the purchase with your passcode.
b. Buy Crypto with Card
Prefer to stick with what’s familiar? Buy crypto with your card on Ka.app. We’ve made it possible through the Ramp integration.
- Log in on Ka.app.
- Tap/click the ‘Buy’ icon.
- Select your preferred crypto. The Ramp page will load.
- Select euro and your preferred crypto, and enter the amount of crypto you’d like to buy.
- Select credit/debit card as your payment method.
- Enter the your card details and confirm the transaction.
c. Buy Crypto with Wire Transfer
You can also buy crypto through a bank transfer, or using Apple Pay or Google Pay on Ka.app. The process if quick and easy:
- Log in on Ka.app.
- Tap/click the ‘Buy’ icon.
- Select the crypto you’d like to buy. The Ramp page will load.
- Select euro and your preferred crypto, and enter the amount of crypto you’d like to buy.
- Select your payment method: bank transfer, Apple Pay, Google Pay, etc.
- Enter the your account information and confirm the transaction.
Final Thoughts
Every expert was once a beginner, so it’s okay to feel overwhelmed when you’re starting with crypto tools and platforms. And the good thing is that with Ka.app, you don’t have to worry about complexity. With intuitive screens perfect for beginners, buying crypto is easy and sending crypto is free to other Ka.app users. You can also convert crypto to euro or other tokens, deposit crypto, or withdraw funds in a few easy steps.
Disclaimer: This content is for educational purposes only and should not be considered financial, investment, or legal advice. Due to market volatility, investing in crypto involves significant risks, including the potential loss of your funds. Please do your own research, assess your financial situation, and know your risk tolerance before making any decisions.
FAQ
Can you sell Bitcoin without an exchange?
Yes, you can sell Bitcoin without using an exchange. You can do it on crypto wallets and payment platforms like Ka.app, or other platforms.
How do I convert crypto to cash without an exchange?
You can convert crypto to cash without an exchange through various methods, but with Ka.app, you can quickly do it using the Convert feature. You just have to select the crypto you’d like to convert and euro, and then confirm the transaction.
What is the most anonymous way to buy Bitcoin?
The most anonymous way to buy Bitcoin is through cash transactions using peer-to-peer (P2P) platforms. These platforms allow you to connect with sellers who accept cash, enabling you to make transactions without needing personal identification or bank details. Another anonymous option is using Bitcoin ATMs that allow you to deposit cash and receive Bitcoin directly to your wallet without providing personal information, depending on the machine’s requirements and transaction limits.
